Titan International (NYSE: TWI) CEO logs tax-related share withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Titan International President & CEO Paul G. Reitz reported a routine share disposition related to taxes, not an open‑market trade. The company withheld 13,305 shares of common stock at $7.74 per share to cover tax obligations from vesting restricted stock. After this withholding, Reitz directly holds 537,658 common shares, including 160,001 restricted shares scheduled to vest between March 2027 and March 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reitz Paul G
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 13,305 | $7.74 | $103K |
Holdings After Transaction:
Common stock — 537,658 shares (Direct)
Footnotes (1)
- Reflects shares of common stock withheld by the company to satisfy tax withholding obligations in connection with the vesting of restricted stock. Includes 160,001 shares restricted stock which vest as follows: 80,000 on 3/10/2027; 53,334 on 3/10/2028; and 26,667 on 3/10/2029.
FAQ
What did Titan International (TWI) CEO Paul Reitz report in this Form 4?
Paul Reitz reported a tax-related share disposition, not an open-market trade. Titan International withheld 13,305 common shares at $7.74 each to cover tax obligations from vesting restricted stock, a standard mechanism for paying taxes on equity compensation.
What restricted stock holdings does Titan International (TWI) CEO Paul Reitz have?
Paul Reitz holds 160,001 shares of restricted stock. These are scheduled to vest in tranches: 80,000 shares on March 10, 2027, 53,334 shares on March 10, 2028, and 26,667 shares on March 10, 2029, subject to the applicable award terms.
Was the Titan International (TWI) Form 4 a stock sale by the CEO?
The Form 4 reflects a tax-withholding disposition, not a discretionary stock sale. Shares were automatically withheld by Titan International to cover Paul Reitz’s tax obligations when restricted stock vested, rather than being sold by him in the open market.